“When I went to University (1976-1980), tuition was $2,500 per year. Starting salaries for BAs were about $13,000-$15,000. For those with an engineering degree, the salaries were about $15,000-$18,000. (130%-180% of four years of study)
Today, tuition is about $30,000-$40,000 per year. Starting salaries aren’t that much higher than a single year’s tuition
Either education is over-priced today, or companies are not paying enough... :0) “
The old guideline, was that the entire amount you pay for a college degree should be less than one years salary of your first job immediately out of college.
This old rule applied to me and mine decades ago, and I think this old rule still is a good one.
Don’t they teach “costs-benefits analysis” anymore?
Thank you for the thought-provoking post. My first job’s annual salary was about the same as four years of tuition.